Denmark delays North Sea Energy Island project due to rising costs

Denmark has announced a delay of at least three years in constructing its North Sea Energy Island, citing rising costs and high interest rates. The artificial island is intended to serve as a hub for collecting and distributing electricity from offshore wind turbines, aiming to supply around three million European households with renewable energy. Danish Energy Minister Lars Aagaard stated that the investment cost for the energy island now exceeds DKr200 billion ($29.81 billion) and…